The growing demands of keeping up with outsourced services are helping to grow business at Passageways LLC, the company said.
The West Lafayette, Ind., CUSO said it has signed up more than 50 credit unions and banks as users of its new vendor management software module in its first year. Recent signees include $1.6 billion Lake Trust CU in Lansing, Mich., $487 million Power Financial CU in Pembroke Pines, Fla., $3.8 billion Delta Community CU in Atlanta and $367 million Verity CU in Seattle.
The vendor management solution is available in in-house and hosted versions and provides a snapshot for each vendor that includes contacts and contact information, check lists and other information needed to manage the relationships.
